Perlin signs an MoU with the Montenegro Government
How Montenegro is using blockchain to join the European Union
The Government of Montenegro, International Chamber of Commerce (ICC) with 45 million member businesses in 130 countries and blockchain development company Perlin, has just signed a Memorandum of Understanding (MoU) to develop blockchain pilot programs, pushing forward entrepreneurialism and innovation in the newly independent country with ambitions to join the EU.
By leading the adoption of new technologies like blockchain that plug into rapidly-growing global distributed economies, Montenegro is leveraging the advanced technology and strategic networks of the ICC and Perlin to increase its chances of being accepted into the European Union, which has been in negotiations since 2012.
What will this MoU unlock?
The MoU will give Montenegro access to Perlin’s pioneering Wavelet blockchain, the world’s fastest, most scalable and secure public blockchain and give it the option of participating in any of the individual pilot programs.
Innovation is key to Montenegro’s continued economic growth, which is why we’ve partnered with the International Chamber of Commerce and Perlin. Using their technology, we will collaborate to meaningfully improve the everyday lives of our citizens and advance our country’s standing on the international stage, explained Sanja Damjanovic, the Montenegro Minister of Science.
The agreement also outlines Montenegro’s collaboration with Perlin to provide resources such as market and operational data, advanced research lab facilities and manpower to support ongoing R&D and product development.
Perlin is excited to be working with Montenegro digitalise across its trade, industry and public office sectors to help their communities continue to grow, flourish and thrive. We hope that this partnership with Montenegro is just the first of Perlin’s direct government partnerships in the European Union.
Read more on Decrypt’s coverage of MoU HERE
